Browsing by Subject "Energy storage"
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Item Open Access An Evaluation of Microgrid-Based Enterprise Viability(2020-04-20) Singer, Timithy; Slaughter, AndrewThe global need to meet population housing needs through infrastructure development is at odds with the urgent necessity to mitigate the impacts of climate change. This investigation considers the relationships between built infrastructure and microgrid electricity supply by evaluating technologies that could provide economically-feasible and low- or zero-carbon development solutions. Existing and emerging building and microgrid technologies have significant potential to provide viable energy access solutions across multiple use cases and the potential to integrate well into financially attractive business models. Modular construction, or prefabrication, is an emerging construction technology demonstrating decreased costs and development timelines, with greater flexibility in deployment relative to traditional construction methods. Photovoltaic (PV) and battery storage technology mirror some of these aspects of deployment flexibility, while functioning as mature technologies with predictable financial parameters, especially within the context of microgrids. Evaluating these technologies through the lens of infrastructure costs, geographically specific time-of-use (ToU) rates, and stochasticity of demand and power generation will provide the foundations of financially-sound microgrid business models with insights towards feasibility. The results of this study indicate that microgrid-based business models are highly sensitive to capital cost variances, and the viability of these businesses is contingent upon a multitude of economic, technological, and policy factors.Item Open Access BUSINESS MODELS FOR EXTRACTING MORE USEFUL LIFE FROM LITHIUM ION BATTERY SYSTEMS(2017-04-25) Bartlett, Dennis; Herman, Ted; Klinkman, AndrewDemand for new lithium-ion battery (LIB) systems is forecast to double between 2015 and 2020. However, current battery disposal practices mean that by 2020, tens of GWhs of still-useful lithium ion storage capacity could be directed towards landfills. While automotive companies are actively engaged in “second life” concepts for their electric vehicle batteries, it is not apparent that non-automotive batteries have similar applications. Non-automotive batteries have many different chemistries and form factors, and suffer from weak economics in the recycling process. This project explores the entrepreneurial viability of finding a “second-life” for non-automotive LIB systems. Specifically, we explore (1) capturing this low cost “waste” stream from primary users of batteries, (2) diagnosing and refurbishing used LIB systems, and (3) selling these systems to secondary users. Environmental benefits are quantified via (1) mineral conservation and (2) avoided emissions attributable to further unlocked levels of renewable energy supported by increased storage levels on the power grid.Item Open Access Design and Assembly of Hybrid Nanomaterial Systems for Energy Storage and Conversion(2013) Cheng, YingwenEnergy storage systems are critically important for many areas in modern society including consumer electronics, transportation and renewable energy production. This dissertation summarizes our efforts on improving the performance metrics of energy storage and conversion devices through rational design and fabrication of hybrid nanomaterial systems.
This dissertation is divided into five sections. The first section (chapter 2) describes comparison of graphene and carbon nanotubes (CNTs) on improving the specific capacitance of MnO2. We show that CNTs provided better performance when used as ultrathin electrodes but they both show similar performance with rapid MnO2 specific capacitance decrease as electrodes become thicker. We further designed ternary composite electrodes consisting of CNTs, graphene and MnO2 to improve thick electrode performance (chapter 3). We demonstrate that these electrodes were flexible and mechanically strong, had high electrical conductivity and delivered much higher capacity than electrodes made without CNTs.
Chapter 4 describes assembly of flexible asymmetric supercapacitors using a graphene/MnO2/CNTs flexible film as the positive electrode and an activated carbon/CNTs flexible film as the negative electrode. The devices were assembled using roll-up approach and can operate safely with 2 V in aqueous electrolytes. The major advantage of these devices is that they can deliver much higher energy under high power conditions compared with those designed by previous studies, reaching a specific energy of 24 Wh/kg at a power density of 7.8 kW/kg.
Chapter 5 describes our approach to improve the energy and power densities of nickel hydroxides for supercapacitors. This was done by assembling CNTs with Co-Ni hydroxides/graphene nanohybrids as freestanding electrodes. The assembled electrodes have dramatically improved performance metrics under practically relevant mass loading densities (~6 mg/cm2), reaching a specific capacitance of 2360 F/g at 0.5 A/g and 2030 F/g even at 20 A/g (~86% retention).
Finally, we discuss our efforts on designing highly active electrocatalysts based on winged nanotubes for oxygen reduction reactions (ORR). The winged nanotubes were prepared through controlled oxidization and exfoliation of stacked-cup nanotubes. When doped with nitrogen, they exhibited strong activity toward catalyzing ORR through the four-electron pathway with excellent stability and methanol/carbon monoxide tolerance owning to their unique carbon structure.
Item Open Access Energy Storage in Deregulated Market Structures(2009-12-04T17:06:31Z) Morris, GaryWind energy is able to provide electricity with a minimal environmental footprint and is therefore anticipated to play a much larger role in future electricity generation. Although wind is able to provide electricity with limited environmental externalities, it produces the most electricity at night, when there is little demand, and produces the least electricity during the day, when demand is highest. One approach to address this countercyclical production is the implementation of energy storage. The ability to store electricity enables an operator to match electricity production to demand. The focus of this project is to understand the revenue generating capabilities of energy storage in deregulated market structures. A model was developed to analyze the possible revenue generation of utility scale energy storage. The two main categories of energy storage, short-term and long-term applications, as well as two deregulated markets, ERCOT and CAISO, were evaluated. The objective of the analysis was to determine the energy storage application and market structure generated the most value. The model integrated the price of electricity and ancillary services with wind production data to determine the revenue generation of each application and each market. The results indicate that annual revenue generation between the different energy storage applications and the different markets is very similar. Although the storage applications provided similar revenues, the rate of return for each application was very different. The short-term application offered much higher rates of returns due to significantly lower upfront capital costs. The short-term application rate of return consistently exceeded the hurdle rate while the long-term application did not. Therefore, short-term energy storage is the only recommended investment. Additionally, due to the operation parameters of the model set to maximize revenue, the production curve did not change to match demand.Item Open Access Energy Storage Pathways to Meet California’s 2030 Greenhouse Gas Goals(2018-04-26) Chaurey, Ananya; Huang, Ziting; Khan, LinaIn California, due to solar resources coming online during the day, renewable generation often exceeds demand, leading to curtailment. However, during peak evening hours, California is forced to rely on GHG emitting thermal power plants. This will make it difficult for the state to meet its aggressive GHG reduction target of 40% below 1990 levels by 2030. AB 1405 and SB 338 are two proposed bills that call for a clean peak standard, where utilities are required to meet a certain percentage of peak hour electricity from clean resources. The purpose of this study is to evaluate the use of utility scale battery storage to achieve the clean peak standard, and aid California's GHG reduction efforts. The study estimated electricity demand and generation profile in 2030, and used an Excel-based optimization model to determine an ideal storage capacity and dispatch strategy. Finally, it investigated the total energy storage cost requirements for different scenarios.Item Open Access New Wells for Renewell: Regulatory Strategies for Converting Inactive Oil and Gas Wells into Gravity-Based Energy Storage Systems in Colorado and Pennsylvania(2023-04-28) Artusi, Savannah; Foster, Alix; Trinh, Kristen; Wall, MalkieThe U.S. is home to almost three million inactive oil and gas wells that pose risks to the environment and human health. To reduce those risks, most states require inactive wells to be sealed (plugged) by operators; however, the plugging process is slow and costly. Renewell Energy has developed technology for repurposing inactive wells into gravity-based energy storage systems, which would lower harmful emissions and provide valuable support to the nation’s growing clean energy infrastructure. The company is currently running a pilot in California and would like to expand into other states. This project screened and identified priority states for Renewell’s expansion and then completed a detailed regulatory analysis of two target states: Colorado and Pennsylvania. As state regulations were designed with traditional plugging in mind, many of them are not applicable to Renewell’s novel technology. This project identified specific policy barriers and proposed regulatory solutions to create a clear pathway for implementation. Renewell will use these findings to pitch its technology to regulators and operators.Item Open Access Simulating Financial Returns of Arbitrage Opportunities using Lithium-Ion Battery Storage Paired with Photovoltaic Systems in 3 U.S. Wholesale Electricity Markets(2018-04-26) Miller, NicoleInterest in battery storage as a means to support renewable energy integration has recently increased as more developers continue to build utility-scale renewable energy resources. Yet, the ability for large-scale battery projects to be deployed depends on the ability to make the projects financially attractive.This analysis seeks to determine whether a battery energy storage system paired with a 110MW utility-scale solar PV installation can result in net present value (NPV) positive returns when engaging in electricity price arbitrage. The analysis examines the revenues and costs that would be incurred under 12 different scenarios that vary in assumptions regarding the location of the market -focusing on ERCOT, PJM and CAISO, the intra-day variations in electricity prices, the energy storage capacity of the battery, and the length of the battery charge and discharge. Overall, the results show that the financial viability of large battery storage projects receiving revenues exclusively from electricity price arbitrage requires high intra-day price differentials. Therefore, battery storage remains unprofitable without subsidies at current prices and further means of extracting value from batteries (such as ancillary services), and reduction in capital costs are needed before large-scale Lithium-Ion battery operations become widespread in the United States energy market.Item Open Access The Potential of Energy Storage Systems with Respect to Generation Adequacy and Economic Viability(2013) Bradbury, Kyle JosephIntermittent energy resources, including wind and solar power, continue to be rapidly added to the generation fleet domestically and abroad. The variable power of these resources introduces new levels of stochasticity into electric interconnections that must be continuously balanced in order to maintain system reliability. Energy storage systems (ESSs) offer one potential option to compensate for the intermittency of renewables. ESSs for long-term storage (1-hour or greater), aside from a few pumped hydroelectric installations, are not presently in widespread use in the U.S. The deployment of ESSs would be most likely driven by either the potential for a strong internal rate of return (IRR) on investment and through significant benefits to system reliability that independent system operators (ISOs) could incentivize.
To assess the potential of ESSs three objectives are addressed. (1) Evaluate the economic viability of energy storage for price arbitrage in real-time energy markets and determine system cost improvements for ESSs to become attractive investments. (2) Estimate the reliability impact of energy storage systems on the large-scale integration of intermittent generation. (3) Analyze the economic, environmental, and reliability tradeoffs associated with using energy storage in conjunction with stochastic generation.
First, using real-time energy market price data from seven markets across the U.S. and the physical parameters of fourteen ESS technologies, the maximum potential IRR of each technology from price arbitrage was evaluated in each market, along with the optimal ESS system size. Additionally, the reductions in capital cost needed to achieve a 10% IRR were estimated for each ESS. The results indicate that the profit-maximizing size of an ESS is primarily determined by its technological characteristics (round-trip charge/discharge efficiency and self-discharge) and not market price volatility, which instead increases IRR. This analysis demonstrates that few ESS technologies are likely to be implemented by investors alone.
Next, the effects of ESSs on system reliability are quantified. Using historic data for wind, solar, and conventional generation, a correlation-preserving, copula-transform model was implemented in conjunction with Markov chain Monte Carlo framework for estimating system reliability indices. Systems with significant wind and solar penetration (25% or greater), even with added energy storage capacity, resulted in considerable decreases in generation adequacy.
Lastly, rather than analyzing the reliability and costs in isolation of one another, system reliability, cost, and emissions were analyzed in 3-space to quantify and visualize the system tradeoffs. The modeling results implied that ESSs perform similarly to natural gas combined cycle (NGCC) systems with respect to generation adequacy and system cost, with the primary difference being that the generation adequacy improvements are less for ESSs than that of NGCC systems and the increase in LCOE is greater for ESSs than NGCC systems.
Although ESSs do not appear to offer greater benefits than NGCC systems for managing energy on time intervals of 1-hour or more, we conclude that future research into short-term power balancing applications of ESSs, in particular for frequency regulation, is necessary to understand the full potential of ESSs in modern electric interconnections.
Item Unknown U.S. Market Prospects for Long Duration Energy Storage Technologies(2022-04-22) Dunchus, Andrea; Perry, EmilyOften thought of as the ultimate solution to renewable energy intermittency, energy storage has been one of the most sought-after technologies for a clean energy future. The market for long duration energy storage, or LDES, is still in its infancy, driven primarily by startups hungry to deliver a reliable, affordable, and multi-purpose LDES to utility-scale buyers. These technologies stand in contrast to lithium-ion, which is not expected to be economically feasible beyond 4-hour durations. Even as the “Holy Grail of clean energy,” most LDES projects are in their pilot-phase and few have been deployed. On behalf of Tesla, this project sought to evaluate 1) the leading technologies, their respective specifications and the companies leading their development, 2) the economics behind these technologies, and 3) and how federal and state policies are enabling deployment across the United States.